Image: Shutterstock Onstage at Token 2049 in Dubai, the CEOs of Tether and Telegram jointly announced on Friday that USDT —the largest stablecoin in the world—will launch on the The Open Network (TON) and the Wallet bot on Telegram, in a bid to both expand Telegram’s crypto presence and accelerate the growth of the TON blockchain in its own right.
What is tether & how does it work?
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money.
Why is tether partnering with tether?
The partnership with Tether is meant to rapidly expand TON’s attractiveness to a broader audience of non-crypto savvy Telegram users. Telegram. Image: Shutterstock
